Can I roll over a 529 College Savings Plan into my ABLE account?
Yes, you can roll over money from a 529 college savings account into a beneficiary’s (or family member’s*) ABLE account without being penalized.
There is a $17,000 rollover limit (less the current tax-year ABLE contributions).
You can use the appropriate 529 College Savings to ABLE Rollover Form.
*The family member must be considered to be a qualified “Member of the Family” as defined by the Section 529 of the Internal Revenue Code, which includes: biological and stepparents, aunts, uncles, siblings, children, first cousins, nieces and nephews; parents, siblings, children, nieces and nephews by marriage; legally adopted children; and half-brothers or half-sisters of the 529 college savings account beneficiary.